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. is something he said to speaker john boehner leaving room for compromise? if politicians don't take us over the cliff, will the unions in what is threatening to strike you right in the wallet. share everything. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. read the headlines and they say the president is giving up his vacation to negotiate a fiscal cliff deal but is something he said before leaving for hawaii leaving room for negotiations? what are we talking about? set it up. >> the president is heading back to washington to attempt a last ditch effort with speaker boehner to forge compromise to avert the fiscal cliff which will kick in in about six days if nothing's done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal, it will be unpalatable f
entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts. everyone over pays more and there's spending cuts. is that a bad deal? >> yeah. i think it is. let me tell you why. because you can't get everything out of this deal that you want and frankly, all we're doing is kicking the can down the road. you know as well as i do this does nothing to deal with the $1 trillion plus deficits we have yearly. this is the fifth year in a row, we're going to have $20 trillion worth of debt on top of $48 trillion worth a long-term liabilities by the time mr. obama leaves office. this is the time to deal with this issue. we've been kicking it down the road ten years. we promised the nation in 2011 under the budget deal with the sequesters we would not let this get away from us. we shouldn't this time. for mr. obama to suggest i've cut a trillion in spending because he saved m
it and now speaker boehner is putting it to a vote in two installments starting on friday but why i think holding off on this was right on especially when you realize how this money was going to be targeted and spent. just say not for sandy victims. are we being unspeakably cruel to the speaker? we do not hear that in the mainstream media. we will attempt a fair and balanced treatment of this tonight at fox business network. >> one of a select new democrats whom spending was not a calling, but save this species let history record blue dogs and fiscally conservative democrats while more liberal in social out look were anything yet but for our financial outlook, and among more than a dozen like-minded fiscal purists and later tonight, could be half a handful when the different democrat goes the way of the do-do bird forced out when constituents favored bacon over a guy taking away the bacon. i could go into the details of losing a primary and that guy using a general election but there guy is not staying. the pennsylvania congressman part of a dying breed of principled politicians who felt
is the president has been trying to govern and he spent hours and hours with speaker boehner trying to work on the so-called grand bargain, and the $4 trillion debt deal and the question on the spending cuts that would have not only tax increases but spending cuts, changes to medicare and medicaid, and potentially social security as well, and the white house says the republicans on the hill complaining of this, now, but the president was willing to do a deal like that and it was republicans like speaker boehner who walked away. >> thank you, ed. the first senate vote is expected in a couple of hours, but if it gets through the senate, we really don't know if this has any chance as passing in the house of representatives and, chad, over to you. how will the evening play out? >> well, i want do be very clear there is no plan at this point for a vote in the senate. they want to bring all their members together at some point and talk about this but they have to get over the issue of the sequester. republicans want to have some sort of spending cut. mcconnell, the minority leader in the senate t
in a fantasy world. >> what do you think the deal that speaker boehner offered the president? >> well, i was against the plan b because i don't see this as being a tax revenue increase issue. most important is spending. we could georgia back -- go back to the simpson bowles commission. the most important thing, we have to deal with spending. we live in an america where the federal government now is spending 25% of our gross domestic product. when you study the obama budget that would increase to 32%. that's where the problem has to i am emanate from. the spending side of our budget is 62% of what we spend money on. it's not just about defense or discretionary. >> is there any indication the president's deal, that he may come back with, will address spending? i haven't heard substantial spending cuts out of any deals on the left. >> absolutely you are not hearing that whatsoever. when i listen to senator chuck schumer say the president ran on raising taxes and says he won, we should do that, i have to tell you i'm not such and idiotic person to follow someone off into the abyss. this is a
Search Results 0 to 4 of about 5

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